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Local employers say a rise in pay for those at the bottom of the ladder is sure to increase salaries for those on the higher rungs.

That will be good news for many workers, they say, but could come at the cost of increased prices for goods and services.

Vermont’s minimum wage will rise on New Year’s Day 2015 and on each January 1 until 2018. The Vermont Legislature voted to increase it from the present level of $8.73 an hour to $10.50 in four annual jumps.